The Hindu Business Line : Saturday, August 02, 2008

Get set for high-speed wireless connectivity
3G auction process may fetch Govt Rs 30,000 cr. New Delhi, Aug 1 Paving the way for high speed mobile connectivity in the country, the Communications and IT Minister, Mr A. Raja, on Friday said that the auction for third generation mobile ...

Interest subsidy on export credit to go
Mumbai, Aug 1 The Reserve Bank of India has decided to discontinue the interest subsidy on rupee export credit from September 30, ...

Solar hide and seek: Part... RCom slumps as Q1 nos fail to meet expectations
No clarity on benefits from 3G spectrum allotment. Mumbai, Aug. 1 Unaccounted forex losses, lower average revenue per unit (ARPU) reported for the first quarter of the current financial year, net profit that was below expectations and lack of ...

‘Banks to see moderate credit growth’
Fee-based income will gain importance. Mumbai, Aug. 1 The banking industry will see a moderate growth in credit this fiscal, following the hike in interest rates by the Reserve Bank of India, said Mr T.S. Narayanasami, Chairman and Managing ...

Toyota’s small car may be high speed, not low cost
New Delhi, Aug. 1 Toyota Motor Corporation’s compact car for India may be a high speed one but not low cost. ...

GM puts off Hummer, Cadillac launch plans
To double compact car Spark production. New Delhi, Aug. 1 General Motors plans to stave off the domestic launch of its global sports utility vehicle brands — Cadillac and Hummer — for this year. ...

Advantage BSNL, MTNL
To launch 3G services 6 months ahead of private players. New Delhi, Aug 1 The biggest gainers from the 3G Policy announced on Friday are State-owned Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd. ...

Scarce resource, auction mode, windfall for govt
Chennai, Aug 1 As far back as May 2005, Mr Ratan Tata, Chairman, Tata Sons Ltd, had suggested that the Government charge operators an entry fee with revenue share for third generation mobile (3G) services. This was around the time that the ...

What is 3G
Chennai, Aug 1 Short for third generation, this technology marks a quantum jump in mobile services. ...

Bumpy ride for auto companies in July
Two-wheeler sales surge. Mumbai, Aug. 1 It was mixed fortunes for automobile companies in July. Maruti Suzuki and Hyundai Motor India reported flat sales in the domestic market while Tata Motors and Mahindra & Mahindra showed a decline. ...

Tata Steel sets up holding co for overseas assets
New entity to be a subsidiary of the steel major. All international assets of Tata Steel including Corus have been brought under a global holding company, Tata Steel Global, Mr Koushik Chatterjee, Group Chief Financial Officer, said ...

Tata Capital to enter home loans business
New Delhi, Aug 1 Tata Capital Limited, a wholly-owned subsidiary of Tata Sons Limited, plans to enter the booming home loan market by March 2009, its Managing Director and CEO, Mr Praveen P Kadle, has said. ...

Exports clock 23.5% rise in June amid weak global growth
Imports increase 26% at $24.45 billion during the month. New Delhi, Aug. 1 With export target for the current fiscal at $200 billion, the country’s exports during the first quarter of April to June 2008 fetched $42.84 billion in the ...

Mobile number portability gets nod
Facility to be rolled out in 8-12 months. New Delhi, Aug 1 Mobile subscribers will soon be able to change their operator without changing their phone number. Despite opposition from operators, the Minister of Communication, Mr A. Raja, has ...

HCL Q4 net down 71% on forex losses
Margin expansion for fifth consecutive quarter. New Delhi, Aug 1 India’s fifth largest IT services exporter HCL Technologies Ltd on Friday posted about 71 per cent drop in its consolidated net income for the fourth quarter ended June ...

Kharif sowing lags despite monsoon revival
Area under cereals, pulses, cotton, sugarcane down. New Delhi, Aug 1 The monsoon’s revival since the last week is yet to reflect itself in official kharif sowing ...

Inflation, dearer money see slowdown in durables sales
Industry registers lower growth rates than last year. Chennai, Aug. 1 The consumer electronics and durables industry is witnessing a slowdown in sales, which is being attributed to various reasons such as the inflationary trend, expensive ...

Markets this week
After the dust has settled over the political turmoil, it's now serial blasts. It seems there is no dearth of negatives for Indian markets these days. And yet, the indices showed its resilience ahead of RBI's first quarter credit ...

July rain deficit contained to 17.6%
New Delhi/Thiruvananthapuram, Aug 1 The end-month spurt in rains have literally saved the blushes for July, whose unusual dry run had threatened to leave behind the `next worst’ deficit after the historical low in year 2002. ...